Trajax inc a high-technology firm in portland raised a, Operation Management

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Trajax inc a high-technology firm in portland raised a

Trajax, Inc., a high-technology firm in Portland, raised a total of $90 million in an I.P.O. The company received $27 of the $30 per share offering price. The firm’s legal fees, S.E.C. registration fees, and other out-of-pocket costs were $450,000. The firm’s stock price increased 17 percent on the first day of trading. What was the total cost to the firm of issuing the securities?

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